According to FutureWise analysis the market for ai genomics in 2023 is US$ 0.5 billion, and is expected to reach US$ 4.76 billion by 2031 at a CAGR of 32.5%.
Artificial intelligence has emerged as a powerful platform for streamlining the analysis of complex genomic datasets and helping researchers explore the genetic basis of diseases or phenotypes through modern sequencing techniques. Genomics is the analysis of an organism's entire genome, which includes all of its genes and non-coding sequences of DNA. By utilizing AI techniques such as machine learning, deep learning, and other AI techniques, researchers and clinicians can extract an immense amount of genomic information available, leading to advancements in medicine, agriculture, evolutionary biology, and more. Furthermore, deep learning is becoming important for base calling within the genomic instrument using RNN- and convolutional neural network (CNN)-based models. Neural networks interpret image and signal data generated by devices and infer the 3 billion nucleotide pairs of the human genome. This improves the accuracy of the reads and ensures that base calling occurs closer to real-time, further hastening the entire genomics workflow, from sample to variant call format to final report.
Precision medicine is a growing field of therapeutics that is built on human genetic makeup, lifestyle, gene expression, and environment. The advancement of medical care has surpassed the conventional symptom-driven treatment process by enabling early risk prognosis of disease through enhanced diagnostics and tailoring more effective therapies. It is necessary to analyze overall patient data and other factors to observe and differentiate between ill and relatively healthy individuals to take the most appropriate path toward precision medicine. This results in an improved vision of biological markers that indicate changes in health. Integrating precision and genomic medicine with AI can improve patient healthcare.
FutureWise Market Research has published a report that provides an insightful AI genomics market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, AI genomics market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.